Skip To Content
    Return to Previous Page

    219 Mt Prospect Ave

    Newark City, NJ 07104
    • $1,275,000
    • STATUS: Active
    • ON SITE: 105 days
    • MLS #: 3670728
    UPDATED: 218 min ago
    $1,275,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1
      SQFT
    • $1,275,000
      $/SQFT
    Type:
    Commercial
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    This is a rooming house located in Newark NJ, 1/2 block from Bloomfield Ave, close proximity to Rt 280 and Garden State Parkway. Solid financials, this is a moneymaker. Easy to show. Super on-site. 20 rooms with 4 bathrooms. The property is licensed to operate the rooming house, it is stabilized, managed, and successfully operated. Value add for the new owner/operator is to increase rents, self manage or change the structure of tenancy. Estimated income of $140K, and estimated expenses around $50K

    Monthly Payment Calculator



    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than William Raveis Baer & McIntosh Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-01-22T22:46:51.127.
    www.baerhomes.com/homes/110882382
    Print Image

    219 Mt Prospect Ave Newark City, NJ 07104

    • Price: $1,275,000
    • Status: Active
    • Updated: 218 min ago
    • MLS #: 3670728
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1
    SQFT
    $1,275,000
    $/SQFT
    1910
    Built
    County:
    Essex
    Area:
    Newark City
    Property Description
    This is a rooming house located in Newark NJ, 1/2 block from Bloomfield Ave, close proximity to Rt 280 and Garden State Parkway. Solid financials, this is a moneymaker. Easy to show. Super on-site. 20 rooms with 4 bathrooms. The property is licensed to operate the rooming house, it is stabilized, managed, and successfully operated. Value add for the new owner/operator is to increase rents, self manage or change the structure of tenancy. Estimated income of $140K, and estimated expenses around $50K
    Exterior Features

    Approximate Lot Size 58.7X105 Construction Brick/Block Exterior Description Brick/Block Location FreestandingResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car WidthBlacktopHard Surface Roof Description Rubberized

    Interior Features

    Basement Yes Basement Description FinishedFullWalkout Cooling Window A/C(S) Equipment Available Restrooms - Private Heating 1 UnitRadiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 4 Office Sq Ft 0

    Property Features

    For Sale Or Lease For Sale Fuel Type Gas-Natural Permitted Use Present Use-Rooming House Primary Property Type Hotel/Motel Property Type Apartment ComplexHotel/Motel Sale Includes Building & BusinessBuilding & Land Sewer Public Available Suite Number 1 Tax Amount 13810 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Utilities All Underground Utilities Paid By Landlord Water Public Water Year Built Description Approximate Zoning 4A- Commercia

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Exit Realty Urban Living.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than William Raveis Baer & McIntosh Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-01-22T22:46:51.127.
     
    https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3670728-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3670728-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3670728-2.jpg
    Logo
    William Raveis Baer & McIntosh Real Estate
    97 South Broadway
    South Nyack NY, 10960